By: Staff Writer
May 02, Colombo (LNW): In a significant boost to Sri Lanka’s ambition of becoming a regional technology hub, IGT 1 Outsourcing Lanka Ltd. (IGT 1 Lanka) has officially joined the Business Centre at Port City Colombo as a new office tenant. A subsidiary of IGT Holding I Sweden AB and sister company to IFS Sri Lanka, IGT 1 Lanka’s expansion underlines the continued confidence of international tech investors in the country’s growing IT sector.
The agreement marks a major milestone in IGT 1 Lanka’s operations, reinforcing its commitment to long-term growth in Sri Lanka. The company, which benefits from the global backing of private equity giants EQT, Hg, and TA Associates, plans to utilize Port City Colombo’s state-of-the-art infrastructure to further scale its services and enhance productivity.
Having already made a mark through IFS’s 27-year presence in Sri Lanka, with over 3,000 tech professionals, IGT 1 Lanka’s move to Port City Colombo adds further momentum to this legacy. By 2027, the company aims to create at least 1,000 direct employment opportunities at its new location, with an initial headcount of approximately 500 employees spread across two leased office buildings in the Business Centre.
As an Authorised Person (AP) under the Colombo Port City Economic Commission, IGT 1 Lanka becomes one of the pioneering global IT firms to operate within the Special Economic Zone of Port City Colombo. The move is expected to accelerate innovation, encourage knowledge sharing, and drive advancements in cutting-edge technologies such as generative AI.
CHEC Port City Colombo Ltd. Managing Director Xiong Hongfeng hailed the partnership, stating: “This instrumental collaboration with IGT 1 Lanka positions Port City Colombo as a next-generation business environment aligned with global technological trends. It supports the growth of a competitive digital economy and contributes to Sri Lanka’s long-term economic development.”
Echoing similar sentiments, IGT 1 Chief Digital and Information Officer and Managing Director of IGT 1 Lanka, Sal Laher, said the company had achieved several key milestones since registering as a Port City entity. These include serving international clients across the Americas and Europe, and building a team of 370 professionals in just nine months. “Signing for two office buildings today marks another major step in our growth strategy and reaffirms our commitment to Sri Lanka,” he noted.
Port City Colombo, operating under a Public-Private Partnership model, reiterated its commitment to facilitating strategic investments and ensuring smooth and efficient regulatory processes in collaboration with both public and private sector stakeholders.
